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Talks over the weekend about China and its debt crisis to loom large and is warranted. Many of the smaller undercapitalized banks would need (and are advertising) backing from the government in the event losses are incurred. This is not too far from what is going on in Greece at the moment.

With more funding needed by June to make debt payments, the Greek government has to show regulators that it is following through with reforms and terms of the bailout. This is causing anther game of chicken which will most likely end in the same fashion, a last minute deal. Where the concern should come in of that over the past few years the political landscape in the Eurozone has become less cohesive. Whether from the Migrant crisis or plain Euro-skepticism from austerity, the governments of the EU are going to make it harder for coordinated action. This doesn’t cause too many problems on its own, but does increase the risk of ‘mistakes’ in the way negotiations have worked in the past. As the games of chicken continue more leaders want to hold the wheel and might not all be pulling in the right direction at the right time.